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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Free debt advice – a Government promise

04/12/2008

In its Pre-Budget Report, the Government has promised to make sure people struggling with debt have access to the free debt advice they need.

Government website Direct.gov.uk now contains a page called ‘Pre-Budget Report 2008 – helping people in financial difficulty’. In the ‘Debt advice services’ section, it states that:

‘The government is committed to ensuring that any family facing debts which they can’t manage can access free impartial debt advice to help them get back on track.

‘The Pre-Budget Report announced additional government funding of £5.85 million for an extension of telephone advice services, and £10 million to extend face-to-face advice services, to ensure everyone has access to free debt advice when they need it’.

The Pre-Budget Report itself informs readers that: ‘The Government is committed to providing additional support for those facing financial difficulties in order to help protect households against repossessions. Individuals can expect [among other things] … access to high quality information and independent debt advice at the earliest possible opportunity.’

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according